If I file my federal return one day after the tax deadline, will I have to pay a tax deadline penalty or interest?


If you owe tax, you usually will. However, you won’t pay a late taxes penalty or interest if you’re:

  • Receiving a refund
  • Outside the country while serving in the military
  • Living in a federally declared disaster area

If you have a balance due, the IRS can assess both of these:

  • Late-filing penalty — 5% of the balance due per month up to 25%
  • Late-payment penalty — 0.05% (or part of a month), up to 25% of the tax due

The IRS charges interest on unpaid tax from the return’s due date until the date of payment.

Related Topics

Related Resources

If I received a lump sum distribution from my former employer, how can I avoid the 10% penalty on re

Is there any way to avoid penalties for a lump sum distribution from your retirement account? Explore your options today.

Why would I owe a tax underpayment penalty?

Do you have to pay a tax underpayment penalty? Learn what to do if you underpaid on your taxes. Get tax answers at H&R Block.

Can I claim the 10% early withdrawal penalty I paid as a penalty deduction?

Can you deduct an early withdrawal penalty from your taxes? Knowing the answer can make a difference. Get tax answers at H&R Block.

Individual Shared Responsibility Payment

What is the penalty for no health insurance and the shared responsibility payment? Get tax answers from the experts at H&R Block.